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Roadside Markets has a 5 percent coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually. What is the market price per
Roadside Markets has a 5 percent coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 7.2 percent?
$850.80 | ||
$839.83 | ||
$903.42 | ||
$967.24 |
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